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BreakOuts

Discuss BreakOuts at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by srisara Hi Friends, I am just starting this thread to identify Stocks ...


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  #31  
Old 30th August 2006, 02:34 PM
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Default Re: BreakOuts

Quote:
Originally Posted by srisara View Post
Hi Friends,


I am just starting this thread to identify Stocks which are possible candidates for a BreakOut (it could be any chart pattern).

All are free to post scrips here, so that we all can stay informed.

My first candidate is Wipro. It is forming an Ascending Triangle in Daily Charts.

If it breaksout, the first Traget is very near to 600.

Please do contribute in this thread.

Happy Trading

Satya

Note: This is not a Trading Tip. You are responsible for your trades.

Wipro Flying...

Satya
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  #32  
Old 30th August 2006, 02:55 PM
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Default Re: BreakOuts

Hi satya,

I was seeing the chart of wipro u had posted and I noticed something in the way u had drawn the trendline on the bar chart. Is it that u draw the trendline on the line chart drawn on closing price and then change it to bar chart.

Recently some members of the forum had this discussion about joining lows of the day or closing prices to form trendlines.

Rgds

Rahul
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  #33  
Old 30th August 2006, 10:44 PM
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Default Re: BreakOuts

SREINT on verge of breakout
see chart

Last edited by tanewbie; 2nd August 2008 at 12:18 PM.
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  #34  
Old 30th August 2006, 10:51 PM
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Default Re: BreakOuts

Hi

Is GPIL Breaking out? The MACD, Trix , ADX all looks good. Checkout.

Regards

Last edited by karthikmarar; 20th May 2008 at 12:29 AM.
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  #35  
Old 30th August 2006, 11:00 PM
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Default Re: BreakOuts

Quote:
Originally Posted by rahulg77 View Post
Hi satya,

I was seeing the chart of wipro u had posted and I noticed something in the way u had drawn the trendline on the bar chart. Is it that u draw the trendline on the line chart drawn on closing price and then change it to bar chart.

Recently some members of the forum had this discussion about joining lows of the day or closing prices to form trendlines.

Rgds

Rahul
Sorry but I did not see Wipro chart posted by Satya anywhere.... Can you give a pointer please ?

With regards,

Abhay
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  #36  
Old 30th August 2006, 11:54 PM
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Default Re: BreakOuts

Quote:
Originally Posted by aad View Post
Sorry but I did not see Wipro chart posted by Satya anywhere.... Can you give a pointer please ?

With regards,

Abhay
http://www.traderji.com/attachments/...ug_25_2006.png
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  #37  
Old 31st August 2006, 12:02 AM
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Default Re: BreakOuts

Quote:
Originally Posted by rahulg77 View Post
Hi satya,

I was seeing the chart of wipro u had posted and I noticed something in the way u had drawn the trendline on the bar chart. Is it that u draw the trendline on the line chart drawn on closing price and then change it to bar chart.

Recently some members of the forum had this discussion about joining lows of the day or closing prices to form trendlines.

Rgds

Rahul
Rahul,

I generally use bar chart (but ultimately will shift to candle sticks, when i learn it).

Trend lines are drawn mostly on the High's and Lows. Also, the Tredlines should catch most of the prices actions, ignoring those occasional tails.

so, do the same with the High's. If you have Elder's "Coming into My Trading Room" then please do read his section on drawing Trendlines.

As I remember Saint said, Trendlines are subjective, if you miss here n there its fine.

All you need to learn is, in an Uptrend connect all those Lows and in a DownTrend connect all those high.

Any break of Trendline is a good oppurtunity to Trade.

Satya
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  #38  
Old 31st August 2006, 12:14 AM
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Default Re: BreakOuts

Hi karthik,

Yes GPIL is looking good. Also i think ppl can track Aban LLyod. It broke out of a previous trading range and after moving about 200 odd points now is again trading in a range. I close above 1280-1285 would be a nice move to catch on another 80-90 Rs Gain.

As mentioned in another thread REI Agro also looks good. It would be a breakout candidate as per me if it crosses 137 on good volumes. then there is clean movement and then again congestion after 160 levels.

Sorry cannot attach charts right now. Hoep some other members can throw light on the same.

Rgds

Rahul

Rgds

Rahul
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  #39  
Old 31st August 2006, 01:08 AM
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Default Re: BreakOuts

Checkout HLL & ITC
Jay

Last edited by jaykiru; 22nd June 2008 at 01:18 PM.
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  #40  
Old 31st August 2006, 01:13 AM
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Default Re: BreakOuts

Hi rahul

Yes Reia has to cross the resistance zone arounf 135 to have any up trend. The chart enclosed


Aban is already in a uptrend , expected to move up further. again chart enclsoed.

regards

karthik

Last edited by karthikmarar; 20th May 2008 at 12:29 AM.
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